Sanction letter and repayment statements of all the running loans and cards

Property Documents

Copy of title documents, legal and technical documents

About Amritsar

Amritsar was historically known as Ramdaspur and also as Ambarsar. It is a city in the north western region of India and is located in the Majha region of Punjab. According to the 2011 census the population of Punjab was 11, 32,761. The city is situated 217 km (135 mi) northwest of state capital Chandigarh and 456 km (283 miles) northwest of Delhi, the national capital. It is near Pakistan, with the Wagah Border being only 28 km (17.4 mi) away. The closest major city is Lahore, the second largest city in Pakistan, located 50 km (31.1 mi) to the west. Amritsar is home to the Golden Temple which is the cultural centre for the Sikh religion. The Sikh shrine attracts more tourists and pilgrims than the Taj Mahal. More than 100,000 visitors on weekdays the spiritual destination is popular among the non-resident Indians all across the country.

Amritsar has been chosen as one of the heritage cities for HRIDAY - Heritage City Development and Augmentation Yojana scheme of Government of India. Amritsar is one of the largest cities of Punjab.

About Home Loan in Amritsar

The city origin lies in the village of Tung, and was named after the lake founded by the fourth Sikh Guru Ram Das in 1574 on land bought by him for 700 rupees from the owners of the village of Tung. Earlier, Guru Ram Das had begun building Santokhsar Sarovar, near the village of Sultanwind in 1564 (according to one source in 1570). It could not be completed before 1588. It was named as Guru Da Chakk and later became Amritsar. Amritsar’s central walled city has narrow streets mostly developed in the 17th and the 18th century. The city is a peculiar example of an introverted planning system with unique areas called Katras. The Katras are self-styled residential units that provided unique defence system during attacks on the city. The city is a spiritual hub for pilgrims all across the world and is a popular destination among most of the NRIs.

People flock to the city not only in search of jobs but also to live in a spiritual neighborhood and attain mental peace along with working in the same city. These people demand residential facilities at affordable rates and with all the modern facilities. They look for affordable home loans in Amritsar. As a number of banks and NBFCs are offering home loans at affordable rates and attractive EMIs buying a home in Amritsar is just a click away.

Loan Providers in Amritsar

Once the house which is to be purchased is chosen we need to find the right home loan provider who could guide us through the process of acquiring the loan Home loan is a long term investment plan and in order to make the home loan process a smooth one we need to know about the home loan providers in Amritsar. A huge number of banks and NBFCs are providing loans to the borrowers at affordable home loan interest rates in Amritsar and attractive EMIs. These banks include HDFC Limited, Standard Chartered Bank, PNB housing finance, Kotak Mahindra Bank, Axis Bank, ICICI Bank, DHFL, Indiabulls, Citibank, Sundaram Homes, AU Housing, GRUH Finance Limited, Edelweiss, IIFL, Dena Bank, Jammu and Kashmir Bank, Oriental Bank, LIC HFL, Federal Bank, Bank of Baroda, Bank of India, Canara Bank, BOM, IDBI Bank, IOB, Central Bank, Yes Bank, TATA Capital, L & T Bank, Aditya Birla, India Shelter, DBS Bank, Reliance Homes which provide for home loan offers in Amritsar.

To avail a home loan without any difficulty and without any expert advice is a confusing process and involves risk if not done properly. Hence this decision is to be taken very carefully by the borrowers regarding the purchase of home loan. For this purpose the borrowers should get in touch with the home loan agents in Amritsar. These agents also provide help regarding the documents for eligibility and hence make the process of applying for a home loan in Amritsar a smooth one.

Top 10 Home Loan Providers in Amritsar

SBI Bank Home Loan:

SBI home loan in Amritsar provides tailor made and customized home loans to suit the needs of the customers and also fulfil their expectations regarding the home loan facilities. SBI home loans are provided for 80% of the value of the property. The loan amount is given for 80% value of the property. The EMI rate of SBI home loan is Rs758-Rs 771 and the SBI home loan interest rates range between 8.35% and 8.60%. SBI home loan in Amritsar provides for tailor made and customized home loans to suit the needs of the customers and also fulfil their expectations regarding the home loan facilities and is considered as the best bank for home loan in Amritsar.

ICICI Bank Home Loan:

ICICI bank home loans offer home loans for a maximum tenure of 30 years which is a very long tenure for the repayment of the home loan as longer the loan lesser will be the EMI. ICICI home loan interest rates vary from 8.35% to 8.85% and an attractive EMI of Rs. 758 per lakh and this is an attractive feature of ICICI bank. Minimum age to apply for ICICI bank home loan is 21 in case of both salaried and self employed and maximum is 60 in case of salaried and 65 in case of self employed. The processing fee is kept at bare minimum of 1% of the total home loan amount which is very much minimum and convenient for the borrowers.

Axis Bank Home Loan:

Axis Bank home loan provides loans for a maximum tenure of 30 years which is a very long duration for the repayment of the home loan as longer the tenure lesser will be the EMI amount. Axis bank home loan offers home loans with attractive interest rates and affordable EMIs to suit the needs of the customers and enable them to avail the benefits of the home loan without any difficulty. Axis bank home loan interest rates range between 8.35% - 8.70%. Axis bank home loan offers home loans with attractive interest rates and affordable EMIs to suit the needs of the customers and enable them to avail the benefits of the home loan without any difficulty.

HDFC Bank Home Loan:

HDFC stands for Housing Development Corporation Limited. Special benefits can be availed by farmers, NRIs and people working in the Indian Army, with the help of HDFC NRI home loan. The HDFC bank home loans provide for all the financing facilities required by the borrower at competitive interest rates and pocket friendly EMIs. HDFC stands for Housing Development Corporation Limited. The maximum tenure for which the home loan can be availed is 30 years which is a very long period for the repayment of the loan. The HDFC home loan interest rates range between 8.35% and 9.05%. HDFC home loan EMI is Rs.758perlakh.

India Bulls Home Loan:

India bulls’ home loans provide home loans to the borrowers at affordable interest rates ranging from 8.35 and 8.85 percent. The processing fee for which is 0.50% of the entire home loan. The minimum age to apply for India bulls home loan is 21 years for salaried and self employed and the maximum age is 60 in case of salaried and 65 in case of self employed. The processing and foreclosure charges are nil for the India bulls home loans.

LIC Home Loan:

LIC stands for Life Insurance Corporation and it provides long term finance to the borrowers who wish to avail the home loans at affordable interest rates and attractive EMIs. The processing fee of LIC home loan is 0.50% which is kept that lowers to suit the needs of the customers. The minimum interest falls between 8.50% - 8.90% which is again made according to the needs of the customers so that they do not feel burdened with payments. Minimum age limit to apply for LIC home loan in case of salaried and self employed is 18 years and the maximum for the same is 60 years. LIC provides long term finance to all its borrowers at affordable interest rates.

PNB Housing Finance:

PNB Housing Finance interest rates range between 8.55 and 8.65 percent. The home loan can be availed for a period of 25 years and this is a benefit for all the customers and the borrowers as they can avail the benefit of lesser EMI. The home loan interest rates are available at fixed as well as floating interest rates. The lowest EMI is kept at Rs772 which is kept at bare minimum so that the customers are relieved from the burden of heavy payments. The maximum period for which the home loan is taken is 25 years which is a very long period for the repayment of the loan as longer the loan lesser will be the EMI.

Standard Chartered Bank Home Loan:

Standard Chartered home loan interest rate
is 8.90% and the lowest EMI is Rs 893perlakh. The processing fee of the Standard Chartered home loan is 0.50% of the entire home loan amount which is a very minimal amount made to suit the budget of the borrower. Standard Chartered home loan is available for a maximum period of 20 years which is a very long time for the repayment of the home loan and longer the tenure lesser will be the EMI thus enabling the borrower to invest in other productive activities as well.

Kotak Mahindra Bank Home Loans:

The most attractive feature of Kotak Mahindra home loan is the low affordable interest rate that they offer. The interest rate of Kotak Mahindra bank home loan is 8.60% which is made to suit the needs of the borrowers. The processing fee along with the foreclosure charges is nil and that is another benefit of the Kotak Mahindra Bank home loan. The maximum period for the repayment of the Kotak Mahindra Bank Home loan is 20 years which is a very long period for the repayment of the loan.

Reliance Home Loan:

The Reliance home loan interest rates range from 10% to 11%. The lowest EMI of Rs.878 per lakh. The minimum age to apply for Reliance home loan is 21 years in case of salaried and self employed and 60 years in case of salaried and 65 in case of self employed. The maximum tenure for which the home loan is 30 years which is a very long time for the repayment of the home loan as longer the tenure lesser will be the EMI.